[fnayr]

Where's Zuckerberg in all of this? It's strange with all the controversies hitting and the stock crash that he hasn't made any sort of public statement (unless I missed it?).

[dragonwriter]

> Where's Zuckerberg in all of this?

Working out scheduling for testimony to a UK parliamentary inquiry, a couple US congressional committees, and the US FEC?

More seriously, the question is being asked everywhere, even, apparently, within Facebook: http://money.cnn.com/2018/03/20/technology/mark-zuckerberg-f...

[bigphishy]

Is that a question or a statement? If it's a statement, it comes across as pontifical.

[1337biz]

I bet he tries to avoid this becoming a 'Zuckerberg' story and is more okay with FB declining a few points on its brand perception.

[threeseed]

Especially since Zuckerberg has very big plans post Facebook.

[baq]

what could he say to make you feel better about the whole clusterfuck that's unfolded in the past few days? 'I'm stepping down' is probably the only thing i'd buy.

[justboxing]

He's been super busy dumping a whole lot of his Facebook Shares before the Sh*t hit the fan.[1][2]

Sources:

[1] Zuckerberg has sold more Facebook stock in the last 3 months than any insider at any other company => https://www.cnbc.com/2018/03/20/zuckerbergs-facebook-stock-s...

[2] Zuckerberg saved tens of millions of dollars by selling Facebook stock ahead of Monday’s decline: https://www.marketwatch.com/story/zuckerberg-saved-tens-of-m...

[Lightbody]

I'm super frustrated with Facebook, but this is conspiracy theory territory. Place the anger in the right direction.

Those trades were part of his 10b5-1, a scheduled trading plan set in place at a minimum 3 months ahead of time and typically extends out 12+ months. Trades in the plan are protected from insider trading accusations and considered an "affirmative defense" [1].

While you can trade shares outside your 10b5-1 plan, those trades aren't protected from insider trading accusations.

[1] https://corpgov.law.harvard.edu/2016/03/24/a-guide-to-rule-1...

[fnayr]

I have seen that. It doesn't look good for him no doubt. But that equates to less than a billion right? The stock drop alone in the past few days cost him much more than that ($5 billion from one article I read).

So given that he's probably not an idiot, it looks really bad to sell if he thinks it's going to drop, and the money he made from selling is far outweighed by the drop from the controversies, it doesn't seem likely to me that it was because "he knew it was going to drop."

I don't like the guy but my feeling is it was unlucky timing.

[nopriorarrests]

Such sales are usually coordinated with SEC well in advance. You submit your filing to SEC and sell accordingly during next 365 or 180 days (not sure about timeline, but definitely not a week).

[threeseed]

As other's have mentioned stock sales are planned.

And why is it surprising that Zuckerberg has sold lots of Facebook stock. (1) He owns the most and (2) he has previously gone on record as saying he will be selling stock to finance his charity.